The Voice of the Resident: Why the Senior Living Industry Should Listen
I’ve written previously about the importance of diversity on the board of directors for continuing care retirement communities (CCRCs, sometimes referred to as life plan communities). A board comprised of people from an array of backgrounds provides the community with unique perspectives and valuable input that helps ensure its long-term financial stability and success—a criterion [...]
The Unexpected Costs of Caring for an Aging Parent
According to data collected by the National Alliance for Caregiving, there are over 66 million family caregivers in the United States. That translates to nearly 40 percent of the U.S. adult population…a stunning statistic. This number includes people who are caring for the sick or disabled, but the majority of these caregivers are assisting an elderly [...]
The Unexpected Cost of Divorce in Retirement
You’ve probably heard the statistic that 40 to 50 percent of marriages in the U.S. ends in divorce, with an even higher percentage for subsequent marriages. While there’s no doubt that it is a common phenomenon, the reality is that the frequency of divorce is actually decreasing in our country as the Millennials begin to [...]
What Will Retirement Communities Look Like in the Future?
The following is an excerpt from the revised second edition of my bestselling book, “What’s the Deal with Retirement Communities?”, available on Amazon.com. Geared toward retirees-to-be and their adult children, the book is designed to be the first step in your senior living research process — providing answers in a simple and concise fashion. The [...]
A Low-Wage Paradox for Senior Care and Caregivers
According to the latest jobs report from the U.S. Bureau of Labor Statistics, in June, the healthcare sector added 37,000 jobs. As the country’s population grows older, the need for more employees in the healthcare services and senior care field, including what’s referred to as “direct care” workers–like home health aides, personal care aides, and [...]
What is a “Continuum of Care”?
If you have been looking at various senior living options, including continuing care retirement communities (CCRCs, also called life plan communities), you have likely heard or seen the term “continuum of care” used. It’s an important concept when it comes to the variety of services provided by retirement communities, but I find it is also [...]